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SINA MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF SINA CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – SINA
September 28, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of SINA Corporation (NASDAQ: SINA) to New Wave Holdings Limited (“Parent”) and New Wave Mergersub Limited (“Merger Sub”), a wholly owned subsidiary of Parent, for $43.30 in cash per share is fair to SINA shareholders. On behalf of SINA shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The investigation concerns whether SINA and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for SINA shareholders; (2) determine whether Parent and Merger Sub is underpaying for SINA; and (3) disclose all material information necessary for SINA shareholders to adequately assess and value the proposed transaction.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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